Southwestern Energy Company’s (NYSE:SWN) “Hold” Rating Reaffirmed at Barclays PLC

Barclays PLC reiterated their hold rating on shares of Southwestern Energy Company (NYSE:SWN) in a research note released on Friday morning. The brokerage currently has a $6.00 target price on the energy company’s stock.

SWN has been the subject of several other reports. Mitsubishi UFJ Financial Group set a $10.00 price target on Southwestern Energy Company and gave the company a hold rating in a research report on Saturday, March 18th. Scotiabank set a $9.00 price target on Southwestern Energy Company and gave the company a hold rating in a research report on Saturday, July 1st. BidaskClub upgraded Southwestern Energy Company from a strong sell rating to a sell rating in a research report on Tuesday, June 27th. Royal Bank of Canada set a $10.00 price target on Southwestern Energy Company and gave the company a hold rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets reiterated a buy rating and set a $8.00 price target on shares of Southwestern Energy Company in a research report on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Southwestern Energy Company presently has a consensus rating of Hold and an average price target of $13.27.

Southwestern Energy Company (NYSE:SWN) traded up 3.661% during midday trading on Friday, hitting $5.805. 8,900,543 shares of the stock traded hands. The stock’s market cap is $2.87 billion. The company has a 50-day moving average of $6.34 and a 200-day moving average of $8.10. Southwestern Energy Company has a 12 month low of $5.46 and a 12 month high of $15.59.

Southwestern Energy Company (NYSE:SWN) last announced its quarterly earnings data on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Southwestern Energy Company had a positive return on equity of 17.89% and a negative net margin of 43.91%. The firm had revenue of $846 million during the quarter, compared to analysts’ expectations of $765.03 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. On average, equities research analysts anticipate that Southwestern Energy Company will post $0.67 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of SWN. Cleararc Capital Inc. raised its stake in shares of Southwestern Energy Company by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock worth $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Southwestern Energy Company during the first quarter worth about $101,000. Tudor Investment Corp ET AL purchased a new stake in shares of Southwestern Energy Company during the first quarter worth about $102,000. Pinnacle Associates Ltd. purchased a new stake in shares of Southwestern Energy Company during the first quarter worth about $103,000. Finally, Macquarie Group Ltd. raised its stake in shares of Southwestern Energy Company by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares in the last quarter. 93.69% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Company Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

Analyst Recommendations for Southwestern Energy Company (NYSE:SWN)

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